Hanseatic League Flashcards
1
Q
Who were the Hanseatic League?
A
A commercial trade network of European nations to protect and facilitate mutual trade interests specifically in the Baltic/North Sea regions.
2
Q
What were the origins of the Hanseatic League?
A
The League was formed in the 12th century by North German towns/merchants, incorporating other Baltic regions over time to control the trade of goods such as timber, grain, fish and premium Baltic salt.
3
Q
What benefits did members of the Hanseatic League benefit from? (3)
A
- Commercial Privileges - Hanseatic merchants held exclusive trading privileges in participating nations, being exempt from many tariffs/taxes.
- Political Influence - The strong economic power exerted by Hanseatic members generated regional political influence over military, alliances and treaty. This often was to protect or elevate trade interests.
- Legal Disputes - The League developed its own legal system, the ‘Law of the Hansa,’ which governed trade disputes and conctracts.
4
Q
A